EUR/JPY Hits Its Most Oversold Since 2024 on French Debt
USD/JPY technical analysis shows an intact long-term uptrend, while EUR/JPY sits at oversold extremes last seen in 2024 on French debt uncertainty.
Share this:
USD/JPY technical analysis shows an intact long-term uptrend, while EUR/JPY sits at oversold extremes last seen in 2024 on French debt uncertainty.
Razan Hilal, CMT, StoneX Media Market Analyst, walks through how Bank of Japan policy, euro weakness and the U.S. dollar index are shaping the yen crosses. The Bank of Japan's preference for gradual tightening, aimed at anchoring inflation near 2%, keeps the Japanese yen relatively weak and the USD/JPY uptrend channel in place since 2023 intact. That holds even as the U.S. dollar index shows reversal risk, while a move toward multi-decade highs in USD/JPY revives Bank of Japan intervention risk.
Â
This content was created by an affiliate of FOREX.com and represents the views and opinions of the author/speakers, not the views and opinions of Forex.com, StoneX Group Inc., or its subsidiaries. The content has not been independently reviewed by Forex.com.
I cover this chart every week in my Markets in Focus webinar.
Register here for the next session
Â
Â
Related tags:
Open an account in minutes
Experience award-winning platforms with fast and secure execution.
Economic calendar
Web Trader platform
Our sophisticated web-based platform is packed with features.
Related articles
Tankers Still Get Hit but Brent Crude Oil Keeps Falling
Brent crude oil has turned bearish after breaking its uptrend, as de-escalation signals outweigh tanker strikes near the Strait of Hormuz.
EUR/USD, DXY, Silver Price Outlook: Bullish Rebounds on Hold?
EUR/USD, DXY, Silver Price Outlook: Bullish rebounds across currency markets, precious metals, and risk assets are facing renewed pressure as U.S. CPI comes in above expectations and oil-tanker attacks persist in the Strait of Hormuz.
USD/JPY, DAX Forecast: Two trades to watch
Will USD/JPY break out of its 2-month range? DAX nears record highs as oil prices fall to 2-month lows.
The information on this web site is not targeted at the general public of any particular country. It is not intended for distribution to residents in any country where such distribution or use would contravene any local law or regulatory requirement. The information and opinions in this report are for general information use only and are not intended as an offer or solicitation with respect to the purchase or sale of any currency or CFD contract. All opinions and information contained in this report are subject to change without notice. This report has been prepared without regard to the specific investment objectives, financial situation and needs of any particular recipient. Any references to historical price movements or levels is informational based on our analysis and we do not represent or warranty that any such movements or levels are likely to reoccur in the future. While the information contained herein was obtained from sources believed to be reliable, author does not guarantee its accuracy or completeness, nor does author assume any liability for any direct, indirect or consequential loss that may result from the reliance by any person upon any such information or opinions.
Futures, Options on Futures, Foreign Exchange and other leveraged products involves significant risk of loss and is not suitable for all investors. Losses can exceed your deposits. Increasing leverage increases risk. Spot Gold and Silver contracts are not subject to regulation under the U.S. Commodity Exchange Act. Contracts for Difference (CFDs) are not available for US residents. Before deciding to trade forex, commodity futures, or digital assets, you should carefully consider your financial objectives, level of experience and risk appetite. Any opinions, news, research, analyses, prices or other information contained herein is intended as general information about the subject matter covered and is provided with the understanding that we do not provide any investment, legal, or tax advice. You should consult with appropriate counsel or other advisors on all investment, legal, or tax matters. References to FOREX.com or GAIN Capital refer to StoneX Group Inc. and its subsidiaries. Please read Characteristics and Risks of Standardized Options.